The acquired properties are currently managed by Remington Lodging, said Ashford.

Ashford Hospitality Trust chairman Monty Bennett said: "We are excited to have completed this accretive transaction, which allowed us to further expand the geographic footprint of our diverse portfolio with well-located assets affiliated with strong and diverse brands.

"With the installation of Remington property management at all of these properties, we look forward to being able to realise solid increases in operating performance at these hotels."

In June, Ashford Hospitality Trust also acquired the 226-room Le Pavillon Hotel in New Orleans, Louisiana for $62.5m and W Atlanta Downtown hotel for $56.8m.